The Iraqi Dinar Update: News, Analysis, and Future Outlook #iraqidinar #...

Al-Nusairi: Implementing Banking Reform Strategies Is The Main Pillar For Reforming The National Economy , 22 JULY

 Banks   Economy News – Baghdad  The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, confirmed today, Monday, that the banking reform and development strategy is the main pillar for reforming the comprehensive national economy.

Al-Nusairi said in a special interview with “Al-Eqtisad News” that “the strategy of banking reform and development is the basic pillar for comprehensive and radical reform of the national economy in line with what is stated in Article Twelve, Paragraph (7) of the government program,

which clearly and accurately stated that (banking reform, with what it provides of a real and effective basis for the advancement of the Iraqi economy and the activation of investment through the restructuring and mechanization of government banks, reviewing their work, and stimulating and enabling private banks to be able to support investment and development in a real way).”

Al-Nusairi touched on the "importance of the banking sector, as it occupies a vital position within the financial structure of the economy in mobilizing savings and financing development through its ability to flow money between the categories of the national economy, which is the basic step for economic reform."

He pointed out "the measures currently taken by the Central Bank with the support of the government to launch its new third strategy for reforming and developing the banking sector for the years 2024-2026 according to seven main objectives, 24 sub-objectives and 75 initiatives to implement the objectives focusing on

 achieving monetary and financial stability,

strengthening the banking sector,

enhancing digital transformation,

activating electronic payment,

enhancing financial inclusion,

maintaining a sound financial system,

developing the organizational structure and human resources,

strengthening the internal and external relations of the Central Bank, and the banking sector's compliance with international standards."

Al-Nusairi pointed out that "a national strategy for bank lending in Iraq for the years 2024-2029 was launched, aiming to increase credit granted to the private sector by 4% of the non-oil GDP, which is equivalent to approximately 7 trillion dinars, and the second goal is to increase credit to small and medium enterprises by 3% of the non-oil GDP, which is equivalent to approximately 5 trillion dinars."

He stressed that "the new mechanisms depend on organizing the granting of loans to develop small, medium and micro enterprises by relying on and relying on a new approach to determine the basic objectives of economic development, evaluating the current situation of private sector financing, and benefiting from international experiences in this field, as well as continuing the procedures and using monetary policy applications to control the exchange rate and reduce the gap between the official rate and the parallel rate towards reaching the targeted and balanced exchange rate."

Al-Nusairi explained that, "If it were not for the many services provided by the banking system in developed countries, these countries would not have been able to achieve the progress and economic growth they have achieved."

He explained that "the strength of the banking structure has become a necessity for building a prosperous economy that adopts modern systems and sound sustainable development.

The development of banking habits and awareness of the importance of developing banking institutions in a way that ensures the building of a national savings base and develops the financial resources necessary to build the economy have become priorities for decision-makers."

The advisor to the Private Banks Association continued: “The soundness of the banking system and the mobilization of sound decisions in the field of economic policies towards developing and modernizing banking systems ensures the achievement of momentum in the world of real and financial investment, which stimulates financial and monetary markets, which leads to attracting foreign capital seeking profit.

Therefore, the decision-maker should take the necessary measures to fortify and strengthen local banking systems in a way that makes them capable of facing the challenges of transferring capital to and from abroad without causing money laundering or smuggling foreign currency, and then increasing the profitability of financial and banking institutions and strengthening the structure of the gross domestic product, which is what the government and the Central Bank are currently active in.”   53 views 07/22/2024 - https://economy-news.net/content.php?id=45452

Q & A WITH MARKZ, 22 JULY

QUESTION:   Can we still pick from a list for projects at our exchange ??? I also heard you can choose from projects they if we want to?

MZ:   I have heard that – I have also heard we will be given access to those choices when we set our appointments so we are prepared when we get there.

QUESTION:   Mark, do you think CMKX and PP’s would go before the humanitarian projects money?

MZ:   No- I think they may go at about the same time.

QUESTION:   Will we still be signing NDA’s?

MZ:    I keep hearing mixed stuff. I am hearing now that if you don’t have historic bonds or Zim –there will not be an NDA. That is what I hear from banking contacts.

QUESTION:    MarkZ, do you think the RV will happen in waves? First Dinar, then a few months later, VND?

MZ:   No, I think they will still all go at the same time. 

QUESTION:  How will those sending out notifications emails to us know our email address?

MZ:   Once again….if you joined a group early in this process….or bought currency with banks ect…they may have your email address….BUT…I suggest you subscribe to a Dinar site like Recaps or Chrinicles to get the information emailed from them to you when notifications come out.   I have had 2 banks tell me they absolutely will send the information to Dinar Recaps  and issue their instructions to them for their newsletter email list.

QUESTION:   Mark, how many contacts do you have in total that are legitimate? 

MZ:  That’s always a tough one. They can be the best contacts on the planet. …. But, there is such a disinformation campaign going on it doesn’t matter if they are top level paymasters ect….but everything coming from a Treasury source is suspect because they have to confuse the timing. This disinformation is purposeful. I argue it is hurtful and not needed at this point.

💥IRAQI DINAR HOT SHORT & SWEET SUMMARY💥 #iraqidinar #dinar #centralbanko...

With A Difference Of 18 Thousand Dinars From The Official Price.. Exchange Rates Continue To Rise "Crazily", 22 JULY

 Baghdad Today – Baghdad  The dollar exchange rate continues to rise in the main stock exchanges in Baghdad, reaching nearly 150,000 dinars for every 100 dollars this morning, Monday (July 22, 2024).

Al-Kifah and Al-Harithiya stock exchanges recorded the sale of $100 at 149,250 dinars, after it recorded 148,900 dinars yesterday, against a fixed purchase price of 148,250 dinars.

While local markets and exchange shops recorded the sale of 100 dollars for 150,250 dinars, which means that the difference between the official price (132,000) and the parallel price is still more than 18,000 dinars for unknown reasons and without the slightest government action except for statements, declarations and promises that do not contribute to its decrease.   LINK

GINGER INTEL , PART. 2, 22 JULY

 GINTEL CONTINUED - PART 2/2

·🌺 While some Tier 3 groups still haven't gotten paid, there's plenty of rumor that some indeed have. We have confirmed that the Paymasters have long since been funded - but what we're waiting on is for their people to be funded. Listen to Chronicles of an Ambassador Part 11 & 12 Gintel to get a stronger handle on what this means - so you're intellectually able to decipher between facts and fiction from the GNN. Details matter!  I'm actually leaning to the fact that action IS happening in certain pockets of the world and things are intentionally being kept quiet. 😉 When things change with Reno, I'll let you know - as that remains a clear indicator. 🙂🤐☺️ 

💢 THE BEAUTIFUL - How many times have I begged you to watch for the bigger events from your 40K perch & and look way beyond what the GNN is "saying"? Well, the facts are - we could be here, on the precipice of larger global political events. We're able to confirm military and law enforcement movements which point to things getting spicy 🔥. I'm honestly thinking the next two to three weeks could hold a lot! 

💢 Celestial Alliance affirmations - 😇 Cudos to you, GLL! They are literally calling y'all "Eagle Eye Tribe" and they love the visual object lesson we gave of you all in your "GLL Farm Treehouse" looking circumspectly with your super bionic binoculars! 😆👀 You have earned high praise for your diligence for watching for and searching for what's true and using your intuition and honing discernment. 😇 Much to share on this topic, but it'll have to wait for a Chronicles teaching - too much to type, but it'll be worth the wait - I guarantee it! 😁😉

·⭐ More to add to your positive rumor table - It's said a Week To Remember is coming very soon. Global events are leaning to this plausibility, to be sure. We'll wait it out and watch together.

·⭐ No one can deny my stalwart confidence in the military med beds - listen to Chronicles of an Ambassador Part 4 through 6 to learn more.... But we're also getting more confirmation in real life of their presence and distribution and readiness for roll out. I've not been given permission to say more... But Do Not Doubt their reality. 😉☺️

·⭐ In closing, thank you for being the kindest, the smartest, the most engaging, the most hilarious, the most caring, the most faithful, the most loyal, the most deciphering and the most powerful and prayerful people on Telegram!! No one like you, GLL!! YOU make it a pleasure to serve you & your servant leadership team brags about you often! 🌺💯❤️

~ Ginger, Ambassador for God's Abundance with the New Earth Alliance 7.21.24 ~ 12:40 AM

(7/22) CRITICAL Budget Challenges / Future Military Discussions / Speake...